Search Results for: first home buyers
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Brand Editorial
Big Data beyond Australia
THE GLOBAL REAL ESTATE market is just beginning to tap into the power of predictive analytics and other data-driven technology. Overseas markets such as the US are working through the available use cases and expanding into many types of niche solutions. These too provide valuable insights for real estate agencies looking for a new way to get an edge in…
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Real Estate News
Foreign investors leaving investment properties vacant
The full impact of foreign investment on Australia’s housing crisis is yet to be seen across the Eastern seaboard according to Douglas Driscoll, CEO of Starr Partners. Scores of foreign investors are acquiring property in desirable metropolitan areas only to leave them uninhabited, estimating the number of unoccupied dwellings in Sydney to be more than 200,000.We know that the current affordability…
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INDUSTRY NEWS
Capital city dwelling values rises by 1.4 percent in February: Core Logic
CoreLogic’s monthly Hedonic Home Value Index has reported a 1.4 percent rise in the value of capital city dwellings in February. The strong capital gain over February was led by Canberra (+3.2 percent) and Sydney (+2.6 percent), with Melbourne (+1.5 percent) and Hobart (+1 percent) also returning significant increases. In contrast, dwelling values were down over the month across Darwin…
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Elite Agent
9 Most Common Cold Call Objections (And How to Tackle Them)
Many agents don’t like cold calling because it always seems to come with objections and rejections. But every good salesperson knows that a few objections is completely normal. Here are a few ideas for you to be able to get past some of the common hurdles and move your relationships forward. 1. YOUR FEES ARE TOO HIGH; I’M GOING TO…
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Real Estate News
High homebuyer pressure pulls North West development dates forward
The Hills of Carmel, a 2,000 lot sub-division spread across 223 hectares in Sydney’s North West, has had its buyer registration period brought forward by four months to meet demand for prompt settlement. Registration is the formal process of lodging the individual lots with the land titles office, allowing the final settlement of property to take place. As a result,…
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Real Estate News
Di Jones opens new space in Southern Highlands, to capitalise on local growth
Young Sydney families are slowing moving away from the hustle and bustle of city life and into the Southern Highlands due to its value and lifestyle offering, a real estate agency has suggested. Di Jones Real Estate who first established an office in Woollahra in 1992 has decided to capitalise on the trend of migrating home buyers by opening its…
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INDUSTRY NEWS
Demand for housing in Southeast Asia to increase, say Raine & Horne
Kuala Lumpur-based Michael Geh, a senior partner of Raine & Horne International Zaki + Partners Sdn Bhd, says three major South-east Asian countries namely Malaysia, the Philippines and Indonesia would likely be experiencing increased demand for housing in the coming months. “About 47 percent of the population of Malaysia, or 14.3 million people, are aged between 20 and 49, and these…
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Elite Agent
Time to Tame Your Database: Josh Phegan
Databases can’t be bought; they must be built, and it’s up to you to do it. Josh Phegan explains how a modern take on a system that worked for his grandfather can help you successfully track your buyers and sellers. There’s no doubt my grandfather, Arthur Phegan, was a smart man. Way back in 1972 he categorised his sellers by…
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INDUSTRY NEWS
RBA keeps cash rate fixed at 1.5 percent, industry reacts
The Reserve Bank of Australia (RBA) decision to keep interest rates on hold at the record low of 1.50 per cent at its first meeting of the year has come to no surprise to many pundits in the real estate industry. Real Estate Institute of New South Wales (REINSW) president John Cunningham was unfazed. “Housing affordability will be hotly debated…
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Real Estate News
Perth property market rises in December quarter
Perth’s median house price showed signs of strength in the December quarter, with the preliminary median for the three months to December 2016 holding firm at $520,000. Real Estate Institute of Western Australia (REIWA) President Hayden Groves said this preliminary figure was the same as the revised September quarter 2016 median house price. “It’s a very good sign for the…
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Real Estate News
QLD Treasurer Rejects REIQ Proposal to Broaden the First Home Buyer Scheme
The Real Estate Institute of Queensland (REIQ) has publicly recorded its disappointment in the State Government that they would not be broadening their first buyer home grant to established homes. REIQ chief Antonia Mercorella said this was evidence that the State Government was not listening to the needs of regional Queenslanders. “However, our concern is for the long-term impact and…
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INDUSTRY NEWS
Core Logic: Strong Start To The Year As Dwellings Value Rise In Most Aussie states
The latest CoreLogic January index results have confirmed that all capital cities recorded a rise in home values, with Hobart in the lead, recording a 5.8 percent rise in dwelling values over the three months to the end of January – with Sydney and Melbourne also posting strong increases over the rolling quarter. Highlights over the three months to January…
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INDUSTRY NEWS
REIA calls for action on affordable housing and property taxation
REIA’s Pre Budget Submission to Government focuses on taxation as it relates to property and the need for a holistic approach and housing affordability including the need to address the rapid decline in the number of first home buyers. The Submission notes that dwelling investment supported by historically low interest rates has been a significant contributor to growth in the…
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INDUSTRY NEWS
Window closing for buyers as Darwin’s real estate market rebounds: Raine & Horne
After two challenging years for the real estate market in Darwin, the number of buyers has increased threefold in the first month of 2017, according to Raine & Horne Darwin. “We hosted an average of 4.5 groups at every open home in January. We were lucky to attract an average of 1.5 groups over the last two years,” said Glenn…
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Real Estate News
Mobile messaging apps, the new frontier in real estate selling
More real-estate agents are starting to rely on social media apps as a way to help buyers who cannot take time off and be present in purchasing properties the traditional way. Owing to work commitments and other unforeseen circumstances, a small number of agents have found success in selling properties purely by using social media apps such as Facetime, WhatsApp…
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QLD Real Estate News
Brisbane real estate agency sells $3.06 million worth of property in a day
The market in Brisbane appears to have already warmed up this year, as Explore property last weekend achieve a personal record of 180 people in their open homes resulting in $3.06 million of sales in one day. Explore Property Ashgrove principal Kelly Qualtrough who runs her business with her partner Sean Wallis told Elite Agent that it was the first…
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Elite Agent
Memo to the property industry: Get Ready for ‘Golden Week’ starting Jan 28
Despite the restrictions, there is still interest among the Chinese buyers wanting to purchase properties in Australia and most do so during Lunar New Year holiday period which starts from January 28. The celebration also marks the start of the period known as Chinese Lunar New Year Golden Week where Chinese workers often take holidays and head overseas some for…
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INDUSTRY NEWS
Domain Rental Price Report: December Quarter 2016
House rents have increased in most capitals, with the rental market outlook looking positive for investors – according to the December quarter Domain Rent Report. Median house rents increased in Sydney, Melbourne, Brisbane, Adelaide, Canberra and Hobart. The resource capital of Perth continued to remain the clear exception to the trend, with high vacancy rates and rents continuing to fall.…
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INDUSTRY NEWS
New NSW Premier to prioritise housing affordability, industry reacts
Just hours after being elected as New South Wales (NSW) 45th Premier, Gladys Berejiklian has vowed to address the much-touted housing affordability crisis and has made that her top priority while in government. “I want to make sure that every average, hard-working person in this state can aspire to own their own home,” Berejiklian told a media conference after being…
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Elite Agent
Increase to First Home Owner’s Grant and New Mine for WA: Hope for property market
WA’s State Government announced a $5.6 billion iron ore mine for the Pilbara Region, and combined with an increase in the First Home Buyer’s Grant, bringing the grant to $15,000, WA’s property market may have just the stimulus it needs to strengthen again. Perth-based Nicheliving, a real estate and property management company director Ronnie Elhaj said the $15,000 grant…
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Real Estate News
Super Sales Week for Ray White Coming Up on the Gold Coast
The Gold Coast property market looks as though it will be painted yellow in the final weeks of January with five of Ray White’s most prominent businesses conducting around 200 auctions in a nine-day period. The auction season kicks off this weekend with the Ray White Gold Coast South Network holding 38 auctions on 22 January at Twin Towns in…
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Elite Agent
Five in Five: Five tips from #icny17 day2
Some notes from Sam’s Five in Five from #icny17 – Day 2 On day two we looked at the concept of saving and compressing time in real estate as we expect other transactions in life to be similarly compressed. Here are five technology trends we saw at Inman on Day 2 Taking home inventory/creating home logbooks. Similar to the concept of…
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Elite Agent
Buyer Perceptions: How Do Your Clients Rate You?
One of the greatest stories real estate agents tell themselves is that buyers and sellers are two different types of customer who need to be treated differently. But agents who ignore buyers to focus on vendors they can pitch to in the short term could be reducing their leads by as much as 75 per cent. The new Buyer Perceptions of…
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INDUSTRY NEWS
Sydney and Melbourne records lower sales this year: REA
Highlights of REA Group Property Demand Index Report for December 2016: National demand for property dropped by 6.6 percent on realestate.com.au in December, down from peak levels recorded in October and November. Victoria had the largest decline over the month, as demands dip for both houses and apartments. New South Wales (NSW) followed closely, possibly suggesting that the housing boom…
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INDUSTRY NEWS
EP&A Act undergoes proposed amendment as a way to boost housing supply in NSW
The Property Council of Australia (PCA) has welcomed New South Wales (NSW) state government’s move to amend the Environmental Planning and Assessment Act 1979 (EP&A Act) as a way of boosting housing supply and therefore affordability. PCA NSW executive director Jane Fitzgerald said the amendments were needed because a better planning system would help increase supply and make buying a…
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INDUSTRY NEWS
Stamp duty breaks for older empty nesters will help solve second home buyer dilemma
A stamp duty break for empty nesters aged over 70 could ease housing affordability stresses in Sydney and Melbourne, according to Angus Raine, Executive Chairman, Raine & Horne. “The national housing debate focuses mostly on first home buyers, and with good reason given climbing real estate values combined with an ongoing shortage of new homes,” said Mr Raine. Sydney housing…
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INDUSTRY NEWS
REIQ urges Queensland’s state treasurer to expand first-home grants to include established homes
The Real Estate Institute of Queensland (REIQ) is lobbying hard to have the state’s first home owners’ grant extended to include built homes in regional areas where growth has been slow since the mining downturn. REIQ chief executive Antonia Mercorella in a strongly worded letter to Queensland State Treasurer Chris Pitt believes that the expansion of the grant to include…
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Elite Agent
Domain named as one of the Best Apps for 2016 on Google Play Store
Domain has been named one of the best apps for 2016 by the Google Play store. The list, curated by the Google Play team, features the most innovative, share-worthy, downloaded and useful apps of the year. Domain was included in the ‘Best Local’ apps category which also included UberEATS, Citymapper, Carsales and Weatherzone. The app has earned a customer rating…
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INDUSTRY NEWS
Stamp duty a significant cost barrier for Sydney and Melbourne markets: CoreLogic
Higher priced properties in Sydney and Melbourne is not the only obstacle stopping people from entering these markets. Varying from state to state, another factor contributing to the high entry cost to housing is Stamp Duty, particularly in Australia’s largest two capital cities. CoreLogic Head of Research Tim Lawless said, “Calculating how much stamp duty is applicable on a property…
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INDUSTRY NEWS
WA housing affordability shows notable improvement over the year
Housing affordability in Western Australia experienced a minor decline in the September quarter, but has improved over the year, according to the latest Housing Affordability Report by the Adelaide Bank and Real Estate Institute of Australia. REIWA President Hayden Groves said the report showed that while the proportion of income required to meet loan repayments in WA had increased by…
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Elite Agent
List Sell Negotiate 2016 Takeaways: Craig Fine
Maintaining a hunger for learning is what sets apart the great agents in our industry. We asked Craig Fine from Sydney Sotheby’s International Realty to be our roving reporter at Josh Phegan’s List, Sell, Negotiate. Here he shares his top 10 takeaways from the event for agents, like himself, who are starting out but have a passion to achieve. 1.…
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Elite Agent
Precision and Personal Branding: Sonya Treloar
This year, she was ranked number four on the international list, made the A-List for the third year running and was also inducted into the exclusive Ray White Chairman’s Club; proving age, gender and being authentically who you are do not create barriers to success in real estate. Story by Samantha McLean. Starting her real estate career in real estate in…
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INDUSTRY NEWS
Historically low rates unable to offset increasing mortgages: REIA
The Real Estate Institute of Australia (REIA) says that in the September quarter of 2016, housing affordability in Australia declined marginally with the proportion of the median family income required to meet average monthly loan repayments increasing to 29.5% from 29.4% in the previous quarter. REIA President Neville Sanders says, “The latest Adelaide Bank/REIA Housing Affordability Report shows that whilst…
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NSW Real Estate News
Property Market Forecast, Sydney 2017: Douglas Driscoll
Sydney’s property market could be set for change in 2017 according to Douglas Driscoll, CEO of award-winning real estate group Starr Partners. Read his forecasted market trends for Sydney for 2017. Rate hikes on the horizon. There are already conversations bubbling over a possible rate rise in 2017 and I can almost guarantee that the banks will increase rates again…
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Elite Agent
Capital city values rise as cycle clicks over 4.5 years of growth, CoreLogic November Index
The CoreLogic November Home Value Index results released last week released showed a rise in dwelling values across most capital cities, however, CoreLogic Head of Research Tim Lawless has noted that it is the ‘softest capital city result since December 2015’. Throughout November, capital city dwelling values rose by 0.2%. While the headline results remained in positive growth territory, the…
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